will free finance departments from repetitive, transactional tasks, allowing them to focus instead on partnering with other business departments, tapping metrics in real time, and gleaning deeper insights from internal and external data.
“Understand your organization’s capabilities and the areas where you can benefit from digital transformation, then work with your CIO to craft a digitization roadmap that works for your business,” he says. “The steps in the roadmap to achieve that strategy have to be a balance between quick wins and transformational changes, which we call ‘right speed transformation.
“New technologies are like the alphabet: You have to think about how each will be used in combination to make words and sentences.”Of course, this shifting role will require employees who understand technology as well as finance.